Page 151 - Adopt-a-School Foundation 2016-2017 Annual Report

ADOPT-A-SCHOOL FOUNDATION NPC
DIRECTORS REPORT
for the year ended 30 June 2017

3. going concern

The directors believe that the Foundation has adequate financial resources to continue in operation for the foreseeable future and accordingly the annual
financial statements have been prepared on a going concern basis. The directors have satisfied themselves that the Foundation is in a sound financial position
and that it has access to sufficient borrowing facilities to meet its foreseeable cash requirements. The directors are not aware of any new material changes that
may adversely impact the Foundation. The directors are also not aware of any material non-compliance with statutory or regulatory requirements or of any
pending changes to legislation which may affect the Foundation.

4. share capital

There have been no changes to the authorised or issued share capital during the year under review.

5. dividends

No dividends were declared or paid to the shareholder during the year.

6. directorate

The directors in office at the date of this report are as follows:

directors changes
Matamela cyril ramaphosa
donné nicol
thokoana James Motlatsi
ntjantja ned
helena dolny
sydney seolonyane
griffiths Zabala
Zanele Mbere (resigned 6 March 2017)
th
steven lebere
Mshiyeni Belle
Yaganthrie ramiah
silas Mashava
Yvonne themba
rebone Malatji
eric ratshikhopha
lucky Moeketsi

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